His Majesty King Hamad bin Isa Al Khalifa issued Decree Law (19) of 2023 amending some provisions of Decree Law (42) of 1999 establishing the Bahrain Petroleum Company, based on the proposal of the Prime Minister, and after the approval of the Cabinet.
Article 1
The phrase “Bapco Refinery, a Bahrain Shareholding Company (Closed) (B.S.C.)” replaces the phrase “Bahrain Petroleum Company” mentioned in the title of Decree Law No. (42) of 1999 establishing the Bahrain Petroleum Company.
Article 2
The text of Article 1 of Decree Law (42) of 1999 establishing the Bahrain Petroleum Company shall be replaced with the following text:
((Bapco Refinery, a Bahrain Shareholding Company (Closed) (B.S.C.)” is licensed to be established in accordance with the memorandum of association and articles of association accompanying this law)).
Article 3
The company’s articles of association accompanying Decree Law (42) of 1999 establishing the Bahrain Petroleum Company shall be replaced by the articles of association and articles of association accompanying this law.
The Prime Minister shall implement this decree, which shall come into effect from the date of its issuance, and it shall be published in the Official Gazette.
Source: Bahrain News Agency
